Christie and Co has been ranked as one the most active agents in the hotel sector across Europe for 2020 based on the number of hotels sold, according to the latest rankings provided amongst tracked brokers on Real Capital Analytics (RCA).
RCA’s latest figures revealed that Christie and Co sold the highest number of hotels across Europe in 2020, with Christie and Co’s French and Austrian teams identified as the leading overall hotel brokers in their respective markets. The Spanish team was also named as one of the top-ranking brokers when acting on behalf of a seller.
The majority of its activity was carried out within a challenging market, against a backdrop of the ongoing pandemic and various lockdown periods, which “suggests the hotel investment market is still very much buoyant with activity”.
In addition to last year’s activity, within the first quarter of 2021 the team exchanged on over 100 hospitality businesses.
Carine Bonnejean, managing director of Hotels at Christie and Co, said: “Despite the most challenging year for the hospitality sector, our hospitality team has remained focused on delivering deals for our clients across Europe.
“The record levels of new capital raised have been immensely frustrated by the limited stock coming to market but, since the beginning of the year, larger opportunities are finally emerging and thus attracting significant interest.”
She added: “In the UK alone, there is over £1bn of portfolios and large single assets on offer. We expect to see heightened M&A activity in the coming months as well as continued pick up in the independent market.”